Chandni Luthra's questions to APARTMENT INVESTMENT & MANAGEMENT (AIV) leadership • Q3 2021
Question
Chandni Luthra of Goldman Sachs asked for an update on the timing of the four redevelopment properties leased to Aimco and inquired if more joint ventures similar to the Blackstone deal were being considered.
Answer
EVP & CFO Paul Beldin clarified that under the lease terms, Aimco can terminate the lease upon stabilization, at which point AIR will have the option to reacquire the properties, a decision that will be made at that future time. CEO Terry Considine responded that AIR continuously evaluates all capital sources and will fund future acquisitions using the lowest cost of capital available.